Seaboard (NYSEAMERICAN:SEB) Shares Break Below Two Hundred Day Moving Average – Time to Sell?

Shares of Seaboard Corporation (NYSEAMERICAN:SEB) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $4,779.51 and traded as low as $3,990.37. Seaboard shares last traded at $4,112.69, with a volume of 7,757 shares changing hands.

Seaboard Stock Up 0.5%

The stock has a market cap of $3.90 billion, a P/E ratio of 6.14 and a beta of 0.21. The company has a quick ratio of 1.33, a current ratio of 2.40 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $4,204.45 and a 200-day simple moving average of $4,772.37.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings results on Tuesday, August 4th. The company reported $159.74 EPS for the quarter. Seaboard had a net margin of 6.17% and a return on equity of 12.03%. The company had revenue of $2.92 billion for the quarter.

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Friday, August 14th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, August 14th. Seaboard’s dividend payout ratio (DPR) is 9.93%.

Institutional Investors Weigh In On Seaboard

Several hedge funds and other institutional investors have recently made changes to their positions in SEB. Dimensional Fund Advisors LP lifted its position in shares of Seaboard by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company’s stock worth $266,222,000 after purchasing an additional 2,017 shares during the last quarter. BlackRock Inc. acquired a new stake in Seaboard in the 2nd quarter valued at approximately $106,318,000. Arrowstreet Capital Limited Partnership increased its position in Seaboard by 238.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company’s stock worth $69,725,000 after buying an additional 8,683 shares during the period. Wallace Capital Management Inc. acquired a new position in shares of Seaboard during the second quarter worth approximately $30,675,000. Finally, Kahn Brothers Group Inc. acquired a new position in shares of Seaboard during the second quarter worth approximately $24,058,000. 22.57% of the stock is owned by institutional investors and hedge funds.

About Seaboard

Seaboard Corporation is a diversified agribusiness and transportation company headquartered in Merriam, Kansas. Its operations span several industries, including pork production, commodity trading, marine transportation, sugar production, power generation and turkey processing.

Through Seaboard Foods, the company produces and processes pork in the United States, operating farms, feed mills and processing facilities. Its international trading activities involve commodities such as grain, feed ingredients and sugar.